Want 0% down?
Did you know that there are some lenders that are still able to offer 0% down financing? If you can come up with at least 5% (gifted, borrowed or put on credit), you get that money back at closing in the form of cash back. The cost to you is a small increase in interest rates, as you forgo the security of having the lowest rate, for the ability to get into a house before you save up the required minimum amount. ready2move? <p><a href="http://www.freedigitalphotos.net/images/view_photog.php?photogid=901">Image: Michelle Meiklejohn / FreeDigitalPhotos.net</a></p> Did you know … that there are some lenders that are still able to offer 0% down financing? If you can come up with at least 5% (gifted, borrowed or put on credit), you get that money back at closing in the form of cash back. The cost to you is a small increase in interest rates, as you forgo the security of having the lowest rate, for the ability to get into a house before you save up the required minimum amount…
Posted by Szabolcs Pall
on July 6, 2010
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